Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,460 shares of the business services provider's stock after acquiring an additional 35,165 shares during the period. Franklin Resources Inc. owned approximately 0.45% of Clean Harbors worth $55,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ increased its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP increased its position in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after acquiring an additional 103 shares during the period. Assetmark Inc. raised its stake in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Physician Wealth Advisors Inc. purchased a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $56,000. Finally, UMB Bank n.a. boosted its holdings in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares during the period. Institutional investors own 90.43% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird lowered their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group lowered their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Oppenheimer dropped their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and a consensus target price of $266.56.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company's stock, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by company insiders.

Clean Harbors Stock Performance

Clean Harbors stock traded down $5.81 during trading hours on Thursday, hitting $192.03. 76,004 shares of the stock traded hands, compared to its average volume of 335,983. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 25.86 and a beta of 1.11. The firm's 50 day moving average price is $207.74 and its 200-day moving average price is $231.98.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.